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A Cybersecurity analyst using the name Serpent has detailed in a lengthy Dec. 17how a scammer allegedly stole 14 Bored Ape Yacht Club nonfungible tokens through a month-long social engineering scam.
The analyst alleged the scam began when the victim was asked to license the IP rights for the Apes, with the scammer claiming to be “a casting director working for ‘Forte Pictures’,” on an NFT related film called"The Return of Time.” He said the alias used by the alleged scammer was fake, although Forte Pictures is a real company .
Using a fake website, fake pitches, legal contracts and other elaborate subterfuge including Twitter spaces to build credibility, they offered a bid for the NFTs and directed the victim to a fake NFT platform where they were asked to “sign the contract" which is where the wallet drain took place. “The scam website displayed a gas-less Seaport signature, which they claimed he needed to sign for the license. However, the signature actually created a private bundle listing of all of the victim's BAYCs to the scammer for 0.00000001 ETH,” Serpent said.
“The scammer's wallet, funded by Secret Network, ran the match orders function to complete the private sale. The scammer then accepted the highest WETH offers on all of the NFTs, then converted the 852.86 WETH to 1.07m DAI,” the analyst added.- Understand what you're signing, don't blindly sign random signatures/transactions- Use multiple wallets
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